News & Stories

February 2018

EU commits additional €30 million for micro-enterprises in Ireland

01/02/2018

The European Investment Fund (EIF) has signed a second agreement with Microfinance Ireland (MFI) to support 2,100 micro-entrepreneurs under the European Commission's EU Programme for Employment and Social Innovation (EaSI) after the first one signed in 2015. As a result of the EU support, the EaSI guarantee provided by the EIF will enable MFI to provide an additional EUR 30 million in loans to micro-borrowers including migrants and entrepreneurs over the next five years. This new financing agreement was made possible by the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe.